Technical Analysis: AUD/USD 2012.04.25

April 25, 2012 10:31

  There are no changes in a short-term structure. The pair is still trading below the 1.0370-1.0430 resistance area, right where the 100-Day SMA and the 200-Day SMA reside, so we see the risks of a decline towards parity. Breaking below parity would accelerate declines ahead of the 0.9385 support in a medium-term. Only a clear break above the 1.0370-1.0430 area would confirm a shift in the short-term structure and open a fresh upside extension towards the 50-Day SMA by 1.0500 or higher ahead of the 1.0855 resistance.    

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

 

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.